Resource abundance in Australia is often presented as an asset, waiting to be exploited. Reflecting this, the recent resource boom is unquestioned – in fact celebrated – as a great windfall for the Australian people. But how far should it be welcomed? In the context of accelerated climate change, and a continuing rural crisis in Australia, it is salutary to be reminded of what Sheik Ahmed Yamani, long-time Oil Minister of Saudi Arabia, said in regard to their major resource asset: "All in all, I wish we had discovered water."
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